Listing courtesy of Ray Ault, Ault Commercial Realty, Inc. RayAultVt@gmail.com


198 North Main Street, #C-4, Rutland City, VT, 05701

198 North Main Street, #C-4, Rutland City, VT, 05701

1974

1,396 sqft

Attractive 1,396 sf 2nd Floor Professional Office Condominium at Pond Meadow Park in excellent high-traffic location with plenty of on-site parking (30 cars + or -), beautifully landscaped grounds and pastoral views across Tenney Brook. Currently configured as a 4-room law office: reception, conference room, large private office, plus smaller adjacent office, plus storage room. Additionally Unit C-4 shares with other Units in bldg as "Limited Common Area" a large well-appointed client lounge with lots of natural light and a common break-room. Owner successfully appealed the Property Tax Assessment from $116,100 to the current $67,500, reducing the annual tax from $4,738 to the current $2,755. Condo Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms,...and installed insulated glass windows all around except in Unit 3. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Some office furnishings and equipment are available at an additional negotiable cost. Owner will seriously consider all offers!...Note: Although currently 2nd floor walk-up units, the Condo Association Board of Directors is on record having voted to allow either or both owners of Suites C-4 and C-5 to install at their sole expense a glass-enclosed chair lift from 1st floor to 2nd floor via the existing atrium modified to accommodate same, thereby making 2nd Floor handicapped accessible.


Status:

Active

Type:

Commercial

Zoning:

GB-NMS Business

Frontage:

200

Heating:

Baseboard, Hot Water, Oil

Parking:

On-Site, Parking Spaces 21+, Paved

Acreage:

1.43

Est. Taxes:

$2,755

Assessment

$67,500

Construction

Wood Frame,Wood Siding

MLS #:

5071198


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